Nifty's 9-Week Losing Streak: Can It Rebound Above 22,550? Key Levels To Watch

The Nifty is heading towards its ninth consecutive weekly decline, with global uncertainties, rising US bond yields, crude oil prices, rupee weakness and FII selling weighing on sentiment. Chandan Taparia, Head Derivatives & Technical, Wealth Management, Motilal Oswal Financial Services, explains why the index's deeply oversold position could offer hope for a recovery, while cautioning that confirmation is still needed. He identifies 22,550 as a crucial level for stability, with potential rebound targets at 22,786 and 23,000 if the index sustains above it. A failure to hold this level could bring 22,222 back into focus as investors watch for signs of a sustained recovery.